Gold has been a hot topic since 2007. There are several reasons why it’s a hot topic, but essentially it’s linked to the poor economy and two recessions that the United States has experienced. It’s scary, but it’s also a real situation that needs attention. The Brexit Gold Coin is now a hot topic, and the main focus is whether or not it’s the coin to buy for the future. While buying gold really is not an investment, many individuals believe that gold is an investment of sorts. This specifically relates to how gold is going to be used, as an insurance policy in tough times.
Britain is buying gold like wildfire, and as that term may seem appropriate on all levels, thousands of British citizens have taken their life savings out in order to buy gold since Britain decided to leave the UK. The biggest concern is the failure of banks, and while that may seem alarming, it’s absolutely true. Banks are viewed as the bad guy, and if the government fails, the banks will close. Gold is gold no matter where you are in the world. Gold can be traded when money is in short supply, and with the struggle in the global economy, it’s difficult to say that the future looks great for jobs for future generations.
Bullion dealers are now completely overwhelmed with the influx of gold purchases that are taking place. The foot traffic into dealer’s store fronts was what many publications refer to as “unprecedented”. This means that more Brits are seeing the need for security with gold than they did in times past. Banks aren’t in the good graces of the citizens of most countries, and that’s why gold buying has skyrocketed. It’s best to educated yourself before you buy, and always ask questions.
The US Money Reserve is just one of the many institutions to carry gold, but the uptick in the purchases in the US is no surprise.